Cost Estimator

We are seeking a highly motivated and analytical Cost Estimator to join our Product Development team. The successful candidate will play a critical role in driving cost efficiency across various automotive commodities, supporting new program target setting, and identifying opportunities for cost reduction.

Responsibilities

• Perform detailed cost estimations for Underbody systems commodities, including Brakes, Alloy wheels, Shock Absorbers, Axles, Drive shafts, EPAS, Transmissions, Transfer cases, and all associated parts and application parts.
• Conduct competitive and benchmarking analyses of commodities to identify cost reduction opportunities and provide actionable recommendations.
• Lead Cost Gap Analysis and provide robust support to the Purchase function during supplier negotiations.
• Support new program target setting and estimation through forward model costing and cross-functional coordination.
• Execute financial analysis (e.g., Payback, Business Case) for proposed localization and cost reduction initiatives, recommending their financial viability.
• Collaborate closely with Engineering and Purchase teams to identify and implement additional cost reduction actions.
• Monitor and analyze cost and investment changes impacting various Engineering Change (EC) proposals for both new and running programs.

Qualifications

• Education: Bachelor of Engineering (BE) in Mechanical, Production, Automobile, or an equivalent qualification.
• Experience:
• 2 to 10 years of overall experience in cost estimation within the automotive industry.
• Minimum 1 year of Product Development (PD) experience, with a strong preference for experience in Electric Vehicle (EV) commodities.
• Hands-on experience in manufacturing, costing, and/or purchasing within an Automobile OEM or Automotive Ancillaries is essential.
• Skills & Knowledge:
• Proven knowledge of commodity estimation, particularly for underbody systems.
• Exposure to commodities such as E-Drive and Air Suspensions is an advantage.
• Familiarity with ED&T (Engineering Design & Testing), CAPEX (Capital Expenditure), Should Cost modeling, and tooling manufacturing costing is preferred.
• Understanding business concepts and critical thinking skills.
• Excellent communication skills, both written and verbal.
• Proficiency in Microsoft Excel and PowerPoint.
• Job Info
• Job Identification: 51262
• Job Category: PD Operations and Quality
• Posting Date: 03/09/2026, 06:44 AM
• Apply Before: 03/09/2026, 12:30 PM
• Degree Level: Bachelor's Degree or equivalent
• Job Schedule: Full time
• Locations: 15 Plot No 13, Chennai, TN, 600119, IN (Hybrid)
• Preferred Degree: Bachelor of Technology
• Remote: No